Sue is an Indirect Tax specialist with more than 25 years’ experience of VAT, Insurance Premium Tax, excise and customs duties. She joined MHA MacIntyre Hudson in April 2017 and heads up the indirect tax services in the Kent region.
Sue spent 5 years as in-house Indirect Tax Manager at Saga plc. Before that Sue worked for a Big 4 firm in London and in Central Europe and initially she worked for HMRC. Sue is a Chartered Tax Advisor.
Outside the office, Sue enjoys travelling, particularly island hopping in Greece in search of the perfect beach and the perfect taverna.
our operators use an EU wide scheme known as the Tour Operators’ Margin Scheme or TOMS for short, in order to calculate how much VAT is payable on the holidays they sell. They have to calculate the margin, i.e. the difference between the selling price and the total of all the VAT inclusive costs of the holiday.
In the last few weeks I have seen two businesses that have been using the VAT flat rate scheme that would be far better off outside the scheme. Why is this? The flat rate scheme is a simplification introduced by HMRC to help small businesses account for VAT more simply. However as a simplification, it is not the best route for every business.
71 New Dover Road
T: 03330 100 220
17-21 Ashford Road
T: 03330 100 221